Nomura resumed coverage of Xinjiang Goldwind (02208) with a "buy" rating and target price of HK$9.67.
The research house said Goldwind, as a major wind turbine maker in China, stands to be a direct beneficiary of the improving wind power generating environment in China. It thinks Goldwind's fundamentals remain strong, with solid WTG sales volumes.
Nomura said Goldwind can maintain its WTG market share, given its direct drive technology, and its reputation for product quality.
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